【题目】Global nonparametric diversified frontier-based efficiency measures and Luenberger productivity indices of ESG funds

【主讲人】周忠宝教授

【主持人】张鹏教授

【时间】4月14日（星期二）14:30

【地点】大学城校园经济与管理学院文2栋536会议室

【内容摘要】

This paper combines both financial and non-financial indicators of ESG funds to construct diversified frontier based contemporaneous and nonconvex global portfolio possibility sets, and proposes contemporaneous and nonconvex global efficiency measures for ESG funds. On these bases, the nonconvex global Luenberger productivity indices (GLPIs) are developed correspondingly. We further present an additive decomposition and analyze the full decomposition of the ESG fund efficiency measures and GLPIs. This framework allows to distinguish between overall efficiency (OE), portfolio efficiency (PE), and allocative efficiency (AE) of ESG funds as well as OE-, PE- and AE-based GLPIs within both contemporaneous and global technology settings. Utilizing the unbalanced panel data of China’s ESG funds during 2018–2023, we examine the dynamic evolution of ESG fund efficiencies and GLPIs as well as their decompositions, and explore the impact of non-financial indicators on these measures.

【个人简介】

周忠宝，湖南大学“岳麓学者”特聘教授，博士生导师。湖南省“芙蓉学者奖励计划”特聘教授、湖南省区块链技术与应用创新创业教育中心负责人、湖南省杰出青年科学基金获得者。获国家教学成果二等奖1项、湖南省教学成果一等奖4项、湖南省优秀博士学位论文指导教师、宝钢优秀教师奖等多项奖励。主持国家社科基金重点项目、国家自然科学基金项目、省部级重大重点项目10余项。在EJOR、OMEGA、管理科学学报等期刊发表论文100余篇，出版专著5部。国家级一流课程、教育部来华留学英语授课品牌课程、湖南省研究生品牌课程负责人，出版国家级规划教材1部。兼任教育部电子商务类专业教指委委员、湖南省系统仿真学会理事长等。